SPDR Russell 1000 Low Volatility Focus ETF
ALTAR
Score™
6.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
21.1x P/Sales
ratio
1.4x
P/BV
ratio
2.8x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SPDR Russell 1000 Low Volatility Focus ETF tracks an index of large-cap stocks from the Russell 1000 Index, selected and weighted by four factors (value, quality, small size and low volatility) that are scaled by market cap.

FUND BASICS
Category US Equities
Fund Sponsor State Street Global Advisors
Website www.spdrs.com
Inception date Dec 01, 2015
Assets (mns) $472
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian State Street Bank & Trust
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 455
Wgt avg mkt cap (mns) $19,243
Large cap (>$10bn) 69.1%
Mid cap ($2-10bn) 30.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HP INC. 1.5 %
COGNIZANT TECH SOLUTIONS-A 1.3 %
PROGRESSIVE CORP 0.9 %
MAXIM INTEGRATED PRODUCTS 0.9 %
MCKESSON CORP 0.8 %
SOUTHWEST AIRLINES CO 0.8 %
CINCINNATI FINANCIAL CORP 0.7 %
CUMMINS INC 0.7 %
CDW CORP/DE 0.7 %
JOHNSON CONTROLS INTERNATIONAL PLC 0.7 %
Total 9.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.8 %
IRELAND 2.3 %
BERMUDA 1.4 %
BRITAIN 0.5 %
SWITZERLAND 0.4 %
CHINA 0.2 %
CAYMAN ISLANDS 0.1 %
LUXEMBOURG 0.0 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.6% 6.6% -- -- 12.3%

Market Correlations
versus... Beta R-squared
S&P500 1.00 92%
MSCI EAFE 0.96 83%
MSCI Emg. Mkts. 0.78 71%

Technical Indicators
Recent close $91.89
30d moving avg. $90.52
Annualized volatility 19.6%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.1%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $47,550

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the SPDR Russell 1000 Low Volatility Focus ETF ETF based on the alternatives' overlap in portfolio holdings with ONEV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ONEV Expense: 20 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ONEV
Ticker Fund
Name
Overlap1
vs ONEV
(%)
Expense
ratio
(bp)
Savings
vs ONEV
(bp)
ALTAR
Score™
(%)
ALTAR
vs ONEV
(%)
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 63.0 17 3 5.7 -0.5
ONEO SPDR Russell 1000 Momentum Focus ETF 55.1 20 0 5.6 -0.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 49.6 24 -4 5.5 -0.7
JHMM John Hancock Multifactor Mid Cap ETF 48.9 42 -22 4.7 -1.5
IWS iShares Russell Mid-Cap Value ETF 48.9 24 -4 6.0 -0.2
IWR iShares Russell Midcap ETF 47.8 19 1 4.8 -1.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 46.1 29 -9 6.0 -0.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 44.6 4 16 4.9 -1.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 42.9 29 -9 7.3 +1.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 42.6 35 -15 5.1 -1.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 42.3 35 -15 5.1 -1.1
TPLC Timothy Plan US Large Cap Core ETF 42.1 52 -32 4.5 -1.7
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 42.1 35 -15 5.1 -1.1
ONEY SPDR Russell 1000 Yield Focus ETF 39.9 20 0 7.3 +1.1
RSP Invesco S&P 500 Equal Weight ETF 39.7 20 0 5.6 -0.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 38.7 29 -9 6.2 -0.0
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 37.6 30 -10 5.4 -0.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 37.6 17 3 6.1 -0.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 37.6 18 2 5.6 -0.6
SIZE iShares MSCI USA Size Factor ETF 37.4 15 5 5.2 -1.0
EUSA iShares MSCI USA Equal Weighted ETF 36.9 15 5 5.2 -1.0
EQAL Invesco Russell 1000 Equal Weight ETF 36.4 20 0 5.1 -1.1
VO Vanguard Mid-Cap Index Fund 35.9 4 16 4.6 -1.6
SCHM Schwab U.S. Mid-Cap ETF 35.6 4 16 5.0 -1.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 35.2 9 11 5.0 -1.2
LRGF iShares Edge MSCI Multifactor USA ETF 34.8 20 0 6.1 -0.1
ROUS Hartford Multifactor US Equity ETF 34.0 19 1 5.8 -0.4
FAB First Trust Multi Cap Value AlphaDEX Fund 33.9 71 -51 7.6 +1.4
STMB iShares Factors US Mid Blend Style ETF 32.1 30 -10 5.0 -1.2
FEX First Trust Large Cap Core AlphaDEX Fund 31.8 60 -40 4.7 -1.5
VOE Vanguard Mid-Cap Value Index Fund 31.7 7 13 6.7 +0.5
RNLC Large Cap US Equity Select ETF 31.3 60 -40 5.2 -1.0
AFLG First Trust Active Factor Large Cap ETF 30.3 55 -35 4.7 -1.5
TUSA First Trust Total US Market AlphaDEX ETF 30.1 70 -50 4.8 -1.4
JVAL JPMorgan U.S. Value Factor ETF 29.6 12 8 7.1 +1.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 29.1 60 -40 4.7 -1.5
JKI iShares Morningstar Mid-Cap Value ETF 29.0 30 -10 7.7 +1.5
JMIN JPMorgan U.S. Minimum Volatility ETF 28.5 12 8 5.3 -0.9
USMF WisdomTree U.S. Multifactor Fund 28.1 28 -8 5.4 -0.8
ACWF iShares MSCI Global Multifactor ETF 27.4 35 -15 6.8 +0.6
FTA First Trust Large Cap Value AlphaDEX Fund 27.4 60 -40 7.4 +1.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 27.0 20 0 0.0 -6.2
FLQL Franklin LibertyQ U.S. Equity ETF 26.9 15 5 5.9 -0.3
JHML John Hancock Multifactor Large Cap ETF 26.9 29 -9 4.9 -1.3
RBUS Nationwide Risk-Based U.S. Equity ETF 26.7 30 -10 4.6 -1.6
RESP WisdomTree US ESG Fund of Benef Interest 26.7 28 -8 5.0 -1.2
VALQ American Century STOXX U.S. Quality Value ETF 26.7 29 -9 7.8 +1.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 26.6 20 0 6.6 +0.4
JQUA JPMorgan U.S. Quality Factor ETF 26.0 12 8 5.1 -1.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 26.0 30 -10 5.3 -0.9
VONV Vanguard Russell 1000 Value Index Fund 25.8 8 12 6.2 +0.0
RNMC Mid Cap US Equity Select ETF 25.2 60 -40 6.1 -0.1
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 25.0 15 5 6.0 -0.2
VFVA Vanguard U.S. Value Factor ETF 25.0 14 6 8.5 +2.3
JKG iShares Morningstar Mid-Cap ETF 24.9 25 -5 4.5 -1.7
IWD iShares Russell 1000 Value ETF 24.5 19 1 6.1 -0.1
SMMD iShares Russell 2500 ETF 24.1 15 5 4.7 -1.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 23.7 30 -10 5.1 -1.1
VUSE Vident Core US Equity Fund 23.5 48 -28 7.4 +1.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 23.5 19 1 5.3 -0.9
ETHO Etho Climate Leadership U.S. ETF 23.4 47 -27 3.7 -2.5
FNX First Trust Mid Cap Core AlphaDEX Fund 23.4 61 -41 5.1 -1.1
FSMD Fidelity Small-Mid Factor ETF 23.3 29 -9 5.3 -0.9
IWP iShares Russell Mid-Cap Growth ETF 23.3 24 -4 2.7 -3.5
DON WisdomTree U.S. MidCap Dividend Fund 23.2 38 -18 6.7 +0.5
SCHV Schwab U.S. Large-Cap Value ETF 23.1 4 16 6.1 -0.1
SFYX Sofi Next 500 ETF 23.0 0 20 4.8 -1.4
VB Vanguard Small-Cap ETF 23.0 5 15 4.4 -1.8
REVS Columbia Research Enhanced Value ETF 22.9 19 1 6.7 +0.5
VOOV Vanguard S&P 500 Value ETF 22.5 10 10 6.6 +0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 22.5 9 11 4.8 -1.4
VFQY Vanguard U.S. Quality Factor ETF 22.4 13 7 5.3 -0.9
JDIV JPMorgan U.S. Dividend ETF 22.3 12 8 6.7 +0.6
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 22.2 25 -5 6.8 +0.6
VBR Vanguard Small Cap Value Index Fund 22.2 7 13 6.5 +0.3
BFOR Barron's 400 ETF 22.1 65 -45 5.6 -0.6
IUS Invesco Strategic US ETF 21.7 19 1 5.5 -0.7
AFMC First Trust Active Factor Mid Cap ETF 21.6 65 -45 5.2 -1.0
AVUS Avantis U.S. Equity ETF 21.6 15 5 4.8 -1.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 21.5 7 13 3.9 -2.3
SPMD SPDR Portfolio Mid Cap ETF 21.5 5 15 5.3 -0.8
MDY SPDR S&P Midcap 400 ETF Trust 21.5 23 -3 5.2 -1.0
IJH iShares Core S&P Mid-Cap ETF 21.5 5 15 5.3 -0.8
IVOO Vanguard S&P Mid-Cap 400 ETF 21.2 10 10 5.3 -0.9
ESGV Vanguard ESG U.S. Stock ETF 21.2 12 8 4.5 -1.7
SPVM Invesco S&P 500 Value with Momentum ETF 21.0 39 -19 7.8 +1.6
IUSV iShares Core S&P U.S. Value ETF 21.0 4 16 6.5 +0.3
JHMI John Hancock Multifactor Industrials ETF 20.6 40 -20 5.1 -1.1
BLES Inspire Global Hope Large Cap ETF 20.6 52 -32 5.7 -0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 20.4 25 -5 5.7 -0.5
EWMC Invesco S&P MidCap 400 Equal Weight ETF 20.4 40 -20 5.7 -0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 20.2 25 -5 5.7 -0.5
FVD First Trust Value Line Dividend Index Fund 20.1 70 -50 5.8 -0.4
PRF Invesco FTSE RAFI US 1000 ETF 20.1 39 -19 5.7 -0.5
PSET Principal Price Setters Index ETF 20.0 15 5 4.6 -1.6
TPHD Timothy Plan High Dividend Stock ETF 20.0 52 -32 5.6 -0.6
RWL Invesco S&P 500 Revenue ETF 20.0 39 -19 6.3 +0.1
XJH iShares ESG Screened S&P Mid-Cap ETF 19.9 12 8 5.4 -0.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
SPDR Russell 1000 Low Volatility Focus ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.2 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.